Cash Management Service Fees

* Effective from 6^th, Sep 2021

PERSONAL AND BUSINESS ACCOUNT FEES

ACCOUNT SERVICE

Currency: EUR	Personal Account	Business Account
Account opening fee	Free of charge		Free of charge
Monthly Maintenance Fee	Standard Package: 19 EUR ELITE Package ⁽¹⁾: 9 EUR Premium Package⁽⁶⁾: 0 EUR	99 EUR
Online Payment, Mobile Payment Sign up and Monthly fee subscription	Free of charge		Free of charge

INCOMING TRANSACTION

Currency: EUR	Personal Account	Business Account
Incoming payments from another DNBC Account	Free of charge		Free of charge
SEPA incoming	5 EUR		5 EUR
SWIFT incoming (SHA/BEN/OUR)	0.2% - min 10 EUR		0.2% - min 10 EUR

OUTGOING TRANSACTION

Currency: EUR	Personal Account	Business Account
Outgoing to another DNBC account	Free of charge		Free of charge
SEPA Urgent D+1⁽²⁾	0.25%⁽³⁾ + 25 EUR		0.25%⁽³⁾ + 25 EUR
SEPA Express D⁽²⁾	0.25%⁽³⁾ + 50 EUR		0.25%⁽³⁾ + 50 EUR
SWIFT Outgoing (SHA/BEN)	0.3% + 50 EUR	0.35% + 50 EUR
SWIFT Outgoing (OUR)	0.3% + 50 EUR + correspondent bank fee (if any)	0.35% + 50 EUR + correspondent bank fee (if any)
Payment cancellation, modification, refund (SEPA)	10 EUR		10 EUR
Payment cancellation, modification, refund (SWIFT)	55 EUR		55 EUR

EXTRA FEE

Currency: EUR	Personal Account	Business Account
Due diligence fee on large amount payment ⁽⁴⁾ / complex transaction	0.05% - max 200 EUR		0.05% - max 200 EUR
Fee for handling funds on an account (annual rate)⁽⁵⁾	2.5%		2.5%

Note:

Elite Package is the package of a payment account and a payment card opened at the same time. More information could be found at our website.
D – current working date, Lithuania time zone, 08:30 AM – 10:00AM (cut-off time at 10:00 AM).

D+1 – value date on the following working day, Lithuania time zone.
0.25% of the total amount of transactions.

Maximum transaction fee capped at 175 EUR for Urgent D+1. Express D will be charged an additional amount of 25 EUR depending on your request.
Applicable with a transaction amount over 50,000 EUR.

This service charge is an extra fee for large transactions to check documents and scan KYC compliance. The processing fee is still fixed following the information on the above table.
The negative interest is calculated at the end of each day. The negative interest is debited at the end of each month for the period of the previous month and debited directly from the respective account. The negative interest is currently 2.5% per annual. The calculation for each month is 1/12th of the interest rate.
Monthly maintenance fee is free of charge for personal account clients who make transactions per month (exchanged to EUR) from 30,000 EURO or more via SWIFT Transfer. If the monthly transaction does not meet the above conditions, the monthly maintenance fee will be applied for the Standard Fee (19 EUR), regardless of customers who have signed up for Standard/ Elite Package . Client is required to sign a form of changing his/her current package to upgrade to Premium Package. More information could be found at our website.
Standard Package and Elite Package are easy for upgrading to Premium Package as long as the client satisfies the requirement at (6).
Register a new account with Premium package, the monthly maintenance fee will be 0 EUR within 2 months (the subscription month and the next month). In the following months, if the client does not meet the requirement 6 mentioned above, the monthly maintenance fee will be applied for the standard package (19 EUR).
With a current account upgrade from Standard/ Elite to Premium, in the following months, if the client does not meet the requirement 6 mentioned above, the monthly maintenance fee will be applied for the standard package (19 EUR).

OTHER SERVICES RENDERED

Account, Statement & Notification

DNBC Financial Group account statement	10 EUR	Hard copy. Free when download via DNBCnet
Balance Certificate for a specific account	20 EUR
DNBC Financial Group current account reference letter	50 EUR
Express courier original copy	60 EUR	To client address worldwide: DHL/FedEx
SMS notification about account transactions	0.2 EUR	Per message
Email notification about account transactions	Free of charge

Account closure

Closing the Personal or Business account after one year	Free of charge
Closing the Personal account within 12 months	200 EUR
Closing the Business account within 12 months	1000 EUR

Information updated as of 6^th, Sep 2021. The fees and charges are subject to change from time to time.

FAQs

1. How fast and convenient are money transfers within DNBC Financial Group if I use business current account?

No matter wherever you are and whatever currency you transfer as well as whether you are using a personal account or a business account, all transfers between all DNBC Financial Group (DNBC) clients are free and unlimited in all currencies supported by DNBC.

There are a few things that you need in order to transfer funds to the right recipient. First of all, you and the one you transfer to would need either a personal current account or business current account with DNBC. Secondly, you need to login to your online payment on our website (DNBCnet) or our DNBC mobile transfer app and choose the option to transfer money international within the DNBC network and input your receiver account number for the transfer and the amount you want to transfer and that’s it, now you only need to wait for the money to be credited to your account or to your recipient’s account, this will normally take a few seconds.

2. What is SWIFT?

SWIFT - Society for Worldwide Interbank Financial Telecommunication.

Transaction orders are transmitted between members of this network.

Each member is identified with a unique SWIFT/ BIC code.

To this day, SWIFT is the biggest and most efficient tool for international money transfer, with over 11.000 member institutions in over 200 countries, sending over 5 billions financial messages globally every year.

3. Does DNBC Financial Group offer international cash management services in term of global transfers?

At DNBC, we offer a very competitive fee for transferring funds within the DNBC network as well as to other banks across the globe. We don’t define international transferring as a different kind of transferring so you would not be charged extra for transferring money internationally compared to normal transferring outside of the DNBC network. In addition to that, DNBC also provides customers with international cash management services as an extension for our current account. These services would ensure that our customers could manage their transactions effortlessly and also to make sure the transactions would reach the destination.

Another inherent part of international transfer is exchange rate, we offer the best possible exchange rate for your transaction, better exchange rate would be applied to your transfer the larger the fund transferred is. If you have registered a multi-currency account with us, you would be able to send and receive money in any foreign currency you want without the need to exchange. The only restriction is that the foreign currency of your choosing must be in our list of supporting currencies so please contact our relationship manager to find out more about which currencies we support.

4. What does SWIFT code represent?

SWIFT works by assigning each member institution a unique ID code that identifies the bank name, country, city, and branch.

For example DNBC Financial Group BIC code is: DSFE LT 21 XXX

Here's an example BIC code: DEUTDEFFXXX. Let's break it down:

Bank code: DEUT - This represents the bank. In this case, it's Deutsche Bank. Country code: DE - This is the ISO 3166-1 alpha-2 country code representing the country where the bank is located. In this example, it is Germany.

Location code: FF - This code defines the location (city) of the bank's head office. Here, it is Frankfurt. Branch code (optional): XXX - This part is optional and used to identify a specific branch of the bank. In this example, the 'XXX' indicates that the code refers to the bank's head office.

So, the example BIC code DEUTDEFFXXX represents Deutsche Bank's head office in Frankfurt, Germany.

5. How quickest way to send money overseas with DNBC Financial Group?

As DNBC Financial Group offers both SWIFT and SEPA transfer, the processing time may vary from one transaction to another, depending on the type of wire transfer international you choose, the country and the bank of your beneficiary.

SEPA transfer would normally takes 2 business days to complete. However, you are provided with an option to transfer your funds in the instructing day or the following day respectively. Please refer to the links below for more details:

SWIFT transfer would normally takes 2-5 business days to complete, depending on your beneficiary's bank's relationship with DNBC Financial Group and our correspondent banks.

6. What are the differences between SWIFT and SEPA?

Difference between SEPA and SWIFT:

Features	SEPA	SWIFT
Network	28 + 3 EU/EEA countries.	170 countries and territories.
Currency	EURO.	Multiple currencies.
Transaction time	01-02 business days.	02-05 business days. Or more depending on the relationship between the two payment institutions.
Transaction limit	10,000 EUR/day for a personal account. 50,000 EUR/day for a business account. Note: This is the default limit when establishing your account. The limit can be increased upto 200,000 EUR for personal account and 500,000 EUR for business account.. Contact +65 6572 8885 for transaction limit update.
Transfer fees	Cheaper for transfer within the EU/EEA region.	Depends on the fees of the correspondent banks involved.

7. How fast for EUR Transfers within Europe?

DNBC Financial Group is a member of SEPA Instant, so our clients can make INSTANT transfers amounting up to 15,000 EUR within minutes, every day of the week to any bank also in the SEPA Instant network. International transfers are only charged a flat 5 EUR for each personal or business client and can be carried out an unlimited number of times if both the recipient and the sender are in SEPA Instant.

If the bank you transfer to is not in that network then the transfer would be counted as a normal transfer, which would take 3 working days for normal transfers and as quickly as the same working day for urgent one with higher fees. You can refer to our personal and business account fees for more information on time and cost of transferring.

See more:

8. Can I send and receive transfer in other currencies?

At this time, with SWIFT transfer, you can send money online from your Euro account to other accounts in any other currencies.

View all